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Acquisition - Erwin Hymer Group (Tables)
 9 Months Ended
Apr. 30, 2019
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The Company expects to finalize these values as soon as practical and no later than one year from the acquisition date.
Cash
 
$
97,887
 
Inventory
 
 
593,053
 
Other assets
 
 
420,941
 
Property, plant and equipment, rental vehicles
 
 
80,132
 
Property, plant and equipment
 
 
452,654
 
Amortizable intangible assets:
 
 
 
 
Dealer network
 
 
355,601
 
Trademarks
 
 
126,181
 
Technology assets
 
 
183,536
 
Backlog
 
 
11,471
 
Goodwill
 
 
994,427
 
Guarantee liabilities related to former EHG North American subsidiaries
 
 
(115,668
) 
Other current liabilities
 
 
(841,631
) 
Debt - Unsecured notes
 
 
(114,710
) 
Debt - Other
 
 
(166,196
) 
Deferred income tax liabilities
 
 
(147,634
) 
Other long-term liabilities
 
 
(17,205
) 
Non-controlling
 interests
 
 
(12,207
) 
Total fair value of net assets acquired
 
 
1,900,632
 
Less: cash acquired
 
 
(97,887
) 
Total fair value of net assets acquired, less cash acquired
 
$
1,802,745
 
Business Acquisition, Pro Forma Information
The following unaudited pro forma information represents the Company’s results of operations as if the fiscal 2019 acquisition of EHG had occurred at the beginning of fiscal 2018. These performance results may not be indicative of the actual results that would have occurred under the ownership and management of the Company.
 
 
 
Three Months Ended April 30,
 
 
Nine Months Ended April 30,
 
 
 
2019
 
 
2018
 
 
2019
 
 
2018
 
Net sales
 
$
2,506,583
 
 
$
3,083,887
 
 
$
6,766,664
 
 
$
8,577,872
 
Net income
 
$
42,579
 
 
$
100,613
 
 
$
61,418
 
 
$
237,472
 
Basic earnings per common share
 
$
0.77
 
 
$
1.84
 
 
$
1.15
 
 
$
4.34
 
Diluted earnings per common share
 
$
0.77
 
 
$
1.83
 
 
$
1.14
 
 
$
4.33